Texas Special District Local Laws Code

§ 1045.205 — REVENUE BONDS

SD § 1045.205Title 3. HEALTH · Part A. HOSPITAL DISTRICTS · Ch. 1045. HUTCHINSON COUNTY HOSPITAL DISTRICT · Art. E. BONDS

(a)The board may issue revenue bonds to:

(1)purchase, construct, acquire, repair, equip, or renovate buildings or improvements for hospital and ancillary health care purposes;

(2)acquire sites to be used for hospital and ancillary health care purposes; or

(3)acquire and operate a mobile emergency medical service to assist the district in carrying out its hospital and ancillary health care purposes.

(b)The bonds must be payable from and secured by a pledge of all or part of the revenue derived from the operation of the district's hospital system.

(c)The bonds may be additionally secured by a mortgage or deed of trust lien on all or part of district property.

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Legislative history

Added by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.02, eff. April 1, 2009.